The company, the largest producer of steel-making coal in
North America, has begun rotating shutdowns at six Canadian coal
mines and said it may take further actions in the fourth quarter
if the supply-demand balance does not improve.

That move will reduce Teck's third-quarter coal production
by about 1.5 million tonnes to 5.7 million tonnes, with sales
seen in the range of 6 million to 6.5 million tonnes.

Hurt by a slowdown in Chinese demand and a glut of new
supply from Australia, Teck forecasts annual coal production of
25 million to 26 million tonnes.

With prices for all its major commodities down
significantly, the company said it is focusing on cost cutting
and disciplined use of capital.

Vancouver-based Teck reported adjusted earnings of 14
Canadian cents per share, above analysts' average estimate of 11
Canadian cents, according to Thomson Reuters I/B/E/S.

"Results were above expectations, primarily due to stronger
coal, copper, and zinc sales than expected," said RBC Capital
Markets analyst Fraser Phillips in a note to clients. "Operating
results were solid in each segment."

Revenue of C$2 billion ($1.54 billion) was in line with
estimates.
Continued...